In a third world country, ordinarily governmental agencies tend to abuse powers and tax departments of Pakistan (federal, provincial or city/district governments) are no exception. Ordinarily, on receipt of a notice (informative and ...
Any tax system by its policy compulsions relaxes the rigor of taxation in different ways. My experience as a tax adviser shows that such policy compulsions lean heavily in favor of business enterprises and sparingly in employment ...
To arrive at correct tax liability of business income, the income tax law contemplates a dynamic two stages scheme of computation of business income i.e. accounting computation of business income and (ii) tax computation of business ...
Taxation of Business Income – Principles and Tax Policy Considerations Underlying Inadmissible Tax Deductions Regime Contrary to the principle specific admissibility regime of Section 20; the Income tax Ordinance, 2001 ...
